Summary
CloudStorm software makes robotic process automation (RPA) accessible for the mass market. With enterprise-wide software integration and a unique automated process discovery algorithm, CloudStorm is the first to enable employees to increase their productivity by innovating their daily practices.
Most commonly used enterprise software is rigid and difficult to use. Millions of employees spend their work days on redundant tasks that result from missing integrations between the different software – e.g. copy-pasting data between SAP and Excel. When it comes to automating such processes, by far the biggest cost factor with current technologies is finding the processes worth to automate, and having to use consultants to do the implementation work. CloudStorm eliminates the need for manual process mapping and expensive consultant hours. The flexibility of our technology allows implementing an innovative business model, where smaller companies can be billed per use instead of having to pay high prices for large and bulky software packages.
We initially target a €6.7 billion business opportunity within the business process outsourcing market space. We enter the market through selected industries (Banking, finance & insurance; Pharmaceuticals; Telecommunications) where operations are highly regulated, and as a result, there is an abundance of repetitive workflows and complex IT systems that CloudStorm can simplify.
Virtual Solutions Ltd. is a Hungarian software development SME aiming to disrupt the quickly growing RPA industry. Following our SMEI Phase 1 project, the Phase 2 project focuses on finalising the development of our core technology, implementing the next generation features to secure mass market scalability for CloudStorm, piloting our solution in various enterprise settings, and preparing our company for global scaling.
Most commonly used enterprise software is rigid and difficult to use. Millions of employees spend their work days on redundant tasks that result from missing integrations between the different software – e.g. copy-pasting data between SAP and Excel. When it comes to automating such processes, by far the biggest cost factor with current technologies is finding the processes worth to automate, and having to use consultants to do the implementation work. CloudStorm eliminates the need for manual process mapping and expensive consultant hours. The flexibility of our technology allows implementing an innovative business model, where smaller companies can be billed per use instead of having to pay high prices for large and bulky software packages.
We initially target a €6.7 billion business opportunity within the business process outsourcing market space. We enter the market through selected industries (Banking, finance & insurance; Pharmaceuticals; Telecommunications) where operations are highly regulated, and as a result, there is an abundance of repetitive workflows and complex IT systems that CloudStorm can simplify.
Virtual Solutions Ltd. is a Hungarian software development SME aiming to disrupt the quickly growing RPA industry. Following our SMEI Phase 1 project, the Phase 2 project focuses on finalising the development of our core technology, implementing the next generation features to secure mass market scalability for CloudStorm, piloting our solution in various enterprise settings, and preparing our company for global scaling.
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More information & hyperlinks
| Web resources: | https://cordis.europa.eu/project/id/823219 |
| Start date: | 01-09-2018 |
| End date: | 31-10-2021 |
| Total budget - Public funding: | 2 300 266,00 Euro - 1 610 186,00 Euro |
Cordis data
Original description
CloudStorm software makes robotic process automation (RPA) accessible for the mass market. With enterprise-wide software integration and a unique automated process discovery algorithm, CloudStorm is the first to enable employees to increase their productivity by innovating their daily practices.Most commonly used enterprise software is rigid and difficult to use. Millions of employees spend their work days on redundant tasks that result from missing integrations between the different software – e.g. copy-pasting data between SAP and Excel. When it comes to automating such processes, by far the biggest cost factor with current technologies is finding the processes worth to automate, and having to use consultants to do the implementation work. CloudStorm eliminates the need for manual process mapping and expensive consultant hours. The flexibility of our technology allows implementing an innovative business model, where smaller companies can be billed per use instead of having to pay high prices for large and bulky software packages.
We initially target a €6.7 billion business opportunity within the business process outsourcing market space. We enter the market through selected industries (Banking, finance & insurance; Pharmaceuticals; Telecommunications) where operations are highly regulated, and as a result, there is an abundance of repetitive workflows and complex IT systems that CloudStorm can simplify.
Virtual Solutions Ltd. is a Hungarian software development SME aiming to disrupt the quickly growing RPA industry. Following our SMEI Phase 1 project, the Phase 2 project focuses on finalising the development of our core technology, implementing the next generation features to secure mass market scalability for CloudStorm, piloting our solution in various enterprise settings, and preparing our company for global scaling.
Status
CLOSEDCall topic
EIC-SMEInst-2018-2020Update Date
27-10-2022
Geographical location(s)
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